Overview of Rekuseru Hodogaya (レクセル保土ヶ谷)
Rekuseru Hodogaya (レクセル保土ヶ谷) is a 31-year-old condominium located at Yokohamashi Ho Tsuchi Ke Tani Ku Kariba Machi 475-3 (横浜市保土ケ谷区狩場町475-3), Kanagawa, Japan. Built in 1995, it comprises 84 units in a Reinforced Concrete (RC) structure. It was constructed by Asakawa Kumi , Muramoto Kensetsu (浅川組、 村本建設).
Pricing & Floor Plans
Based on 68 past listings, prices have ranged from 890〜3,480万円 (approx. $59,333–$232,000 USD at ¥150/$).
Unit sizes range from 49.8–76.8 sqm (536–827 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥34.6万/sqm (approx. $2,305/sqm or $214/sqft).
Location & Neighborhood
The property is located at Yokohamashi Ho Tsuchi Ke Tani Ku Kariba Machi 475-3 (横浜市保土ケ谷区狩場町475-3), Kanagawa, Japan. It is a 19-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 84 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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